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Wade M. Berlin

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1360 Formosa Avenue
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PRICED AT ONLY: $625,000

Address: 1360 Formosa Avenue, WINTER PARK, FL 32789

Description

Discover a rare and lucrative opportunity at 1360 Formosa Ave, a corner lot triplex in the highly sought after Winter Park market. This income generating property features three fully rented one bedroom, one bathroom units, providing a strong and steady return on investment. With 100% occupancy, this property is already a cash flowing asset, but its value add potential makes it even more enticing for savvy investors seeking long term gains. The triplex sits in a prime location just minutes from Rollins College, Full Sail University, and downtown Orlando, making it highly attractive to a consistent pool of tenants. The property's proximity to major employers, boutique shopping, and popular dining options on Park Avenue ensures ongoing rental demand and future appreciation. What makes this investment even smarter is Winter Parks limited inventory and high property values, driven by its historic charm, excellent schools, and vibrant lifestyle. With steady property appreciation, investing in a multifamily property here offers the potential for significant equity growth. Additionally, the value add opportunities are abundant. Whether through cosmetic upgrades, improved landscaping, or adding modern amenities, this triplex has room to increase rental income and maximize ROI. Winter Parks strong rental market makes this property a low risk, high reward investment. The area boasts low vacancy rates and increasing rental prices, offering reliable cash flow. Plus, the property's corner lot location provides the potential of enhanced curb appeal and the potential for future development or expansion. This is more than just an income generating propertyits an opportunity to invest in a growing, high demand market with long term stability. Whether you're looking to expand your portfolio or secure a foothold in Winter Park's thriving real estate market, 1360 Formosa Ave is a rare find with exceptional potential.
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  • MLS#: O6292751 ( Residential Income )
  • Street Address: 1360 Formosa Avenue
  • Viewed: 38
  • Price: $625,000
  • Price sqft: $280
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 2236
  • Bedrooms: 3
  • Total Baths: 3
  • Garage / Parking Spaces: 1
  • Days On Market: 211
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence, Other
  • Flooring: Wood
  • Living Area: 1890.00
  • Roof: Membrane
School Information
  • High School: Edgewater High
  • Middle School: College Park Middle
  • School Elementary: Princeton Elem
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 1.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Country: US
  • Interior Features: Ninguno, Other
  • Legal Description: THE PINES H/14 LOT 25 (LESS W 10 FT IN ST) BLK B
  • Levels: One
  • Area Major: 32789 - Winter Park
  • Occupant Type: Tenant
  • Parcel Number: 12-22-29-7096-02-250
  • Views: 38
  • Zoning Code: R-2
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Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin